Property Settlement Agreement

What is a Property Settlement Agreement?
It is a legal binding written agreement between you and your spouse which divides property and debts and settles issues such as spousal support. It also covers your rights, responsibilities and obligations.

Is it important?
If you do not have any marital property or debts or children you probably do not need a property settlement agreement. However, if you do, having a property settlement agreement in writing is extra protection against future problems or issues with your spouse.

Do I have to file the Property Settlement Agreement with the court?
No. You do not need to file the Property Settlement Agreement with the Court in order for the Agreement to be effective. This is a contract between the parties. However, if the agreement is violated by any party and you need continued enforcement, you can seek damages by filing it with the Court.

What is the difference between "marital property" and "non-marital property"?
All property acquired during the marriage is "marital property" and all property owned before the marriage is "non-marital property". Gifts or inheritances to either spouse during the marriage is non-marital property.

What is the cost of a Property Settlement Agreement?
If you are doing a Nevada divorce it is included in the price. If you are doing a fast, Guam divorce it is $50.00. We also take credit cards for your convenience.

Do both parties need to sign the Agreement?
For the separate Property Agreement we do for the fast Guam divorce both parties must sign the papers. If you are doing a Complaint for Divorce in Nevada, the other party does not need to sign the papers.

Is it filed with the papers in Guam?
Per our attorneys advice, we do not include property/debt or children because of the difficulty of the court enforcing such items. However, we can prepare it as a separate Property Settlement Agreement addressing property and debt issues.

Click here to print property settlement faq